Overall, Southern and Midwestern states are the most affordable, while the cost of living on the East Coast ranked significantly higher.

You'll get the most bang for your buck in Mississippi, where $100 is worth $115.34, followed by Arkansas ($114.29), Alabama ($113.90), South Dakota ($113.64), and West Virginia ($112.49).

In the District of Columbia it's only worth $84.67, beating out Hawaii ($85.62), New York ($86.43), New Jersey ($87.34), and California ($88.97).

This means that purchasing power is 36% greater in Mississippi than in DC, so someone making $50,000 after taxes in Mississippi would have to earn $68,000 to afford the same standard of living in DC suburbs.